Break the triangle out downwards means open short position
Hello traders , I am sharing with you my self study experience that i used to study from youtube over the past 3 years .
from my little experience , as you can see there is a lower highs and lower lows , which mean downtrend is exisit , mean we are still in downtrend unless we find a higher highs and higher lows , and that will happen if the price start to go out from the end of that triangle upwards then you open a long position with a stop loss to avoid big risk and ,after a confirmation of a second candle for sure so that you can be sure it is not a false breakout.
but if the price breakout the triangle downwards means the down trend will keep going down and since that breakout you open a short position as well with a stop loss and be sure it is a true and real breakout not false , you know no analysis or strategies works 100% .
also as you can see i found a potential of RSI diversion that react to a dump price prediction .
so please if you can understand what i'am saying and it make sense to you , give me like for my efforts so that i can always add analysis here to help you make some profits , that's why we are all here , to make profits ;)
please leave comments saying what you think about that analysis ( Good , Bad , Wrong , etc ..)
Thank you all
Best Regards
Khaled Abdrabo
from my little experience , as you can see there is a lower highs and lower lows , which mean downtrend is exisit , mean we are still in downtrend unless we find a higher highs and higher lows , and that will happen if the price start to go out from the end of that triangle upwards then you open a long position with a stop loss to avoid big risk and ,after a confirmation of a second candle for sure so that you can be sure it is not a false breakout.
but if the price breakout the triangle downwards means the down trend will keep going down and since that breakout you open a short position as well with a stop loss and be sure it is a true and real breakout not false , you know no analysis or strategies works 100% .
also as you can see i found a potential of RSI diversion that react to a dump price prediction .
so please if you can understand what i'am saying and it make sense to you , give me like for my efforts so that i can always add analysis here to help you make some profits , that's why we are all here , to make profits ;)
please leave comments saying what you think about that analysis ( Good , Bad , Wrong , etc ..)
Thank you all
Best Regards
Khaled Abdrabo